NYLI MacKay Muni Income Opportunities Class A3 (MMIVX)
| Fund Assets | n/a |
| Expense Ratio | 2.50% |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.27% |
| Dividend Growth | 2.64% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.22 |
| YTD Return | 2.87% |
| 1-Year Return | 8.46% |
| 5-Year Return | n/a |
| 52-Week Low | 9.58 |
| 52-Week High | 10.30 |
| Beta (5Y) | 0.22 |
| Holdings | n/a |
| Inception Date | n/a |
About MMIVX
NYLI MacKay Muni Income Opportunities Fund Class A3 is a closed-end interval fund designed to generate current income exempt from regular federal income tax through strategic investments in municipal securities. This fund primarily targets investment-grade municipal bonds but maintains the flexibility to allocate up to 50% of its portfolio to high-yield municipal securities, aiming to capture enhanced income potential while managing risk. Notably, it employs tactical leverage and opportunistic security selection to boost returns. Structured as an interval fund, NYLI MacKay Muni Income Opportunities Fund Class A3 offers limited quarterly liquidity, which allows it to hold a greater proportion of less-liquid, longer-term municipal securities than typical open-end mutual funds. This structure supports its ability to pursue less capital-volatile strategies with higher risk-return profiles. The fund pays monthly dividends and is particularly relevant for investors seeking tax-advantaged income streams. Its focus on municipal bonds exposes it to sector-specific risks, including changes in tax or legislative policy and issuer credit quality. With its unique mandate, this fund plays a niche role in providing federally tax-exempt income within the landscape of fixed income investment vehicles.
Performance
MMIVX had a total return of 8.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.93%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02691 | Jun 30, 2026 |
| May 29, 2026 | $0.02853 | May 29, 2026 |
| Apr 30, 2026 | $0.0255 | Apr 30, 2026 |
| Mar 31, 2026 | $0.0294 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02664 | Feb 27, 2026 |
| Jan 30, 2026 | $0.03094 | Jan 30, 2026 |